Design and Implementation of Pay for Performance
38 Pages Posted: 12 Feb 2012
A large, mature and robust economic literature on pay for performance now exists, which provides a useful framework for thinking about pay for performance systems. I use the lessons of the literature to discuss how to design and implement pay for performance in practice.
Keywords: incentives, pay for performance, performance measurement, subjective evaluation
JEL Classification: M52, J33, M12, L81
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